Arthur Hayes Predicts More Dip in Bitcoin & Ethereum Price, Dumps $8M ETH

BitMEX co-founder Arthur Hayes has shifted from bullish to bearish on cryptocurrency, selling nearly $8 million worth of ETH amid warnings of economic headwinds.

Hayes cited concerns over an upcoming U.S. tariff bill and weak credit expansion across major economies as reasons for his stance change. Despite selling his holdings, he maintains a long-term bullish outlook while predicting Bitcoin could retest $100,000 and Ethereum may correct to $3,000. Technical analysis reveals Bitcoin's recent surge from $112K to $115.8K lacked strong on-chain support, increasing pullback risks.

• Hayes offloaded 2,373 ETH worth $8.32 million plus additional cryptocurrency holdings
• Analysts support Hayes's correction predictions, citing weak market structure and minimal trading activity
• Benjamin Cowen remains optimistic about Ethereum reaching new all-time highs this year despite near-term uncertainty
• Spot Bitcoin ETFs experienced massive $821 million outflows, while institutional demand for Ethereum continues growing